The Bank of Spain announced that it is looking rescue Bankia SA by taking a controlling share, according to the Wall Street Journal. The move would convert the 4.5 billion euros of bailout funds from the Spanish government to common shares, giving Spanish authorities control of Bankia’s parent company, Banco Financiero y de Ahorros SA [...]

The multinational insurance corporation American International Group, Inc. (AIG) made headlines four years ago when their credit rating dropped to AA, resulting in a massive liquidity crisis then resultingin a $182.5 billion bailout from the US government. This past quarter, the company reported $19.8 billion in profits, which would seem like quite a turn around [...]